From CNBC: 2025-04-29 07:09:00

Venmo, a key part of PayPal’s growth, saw a 20% revenue increase in the first quarter. Despite competition from Zelle and Square Cash, Venmo’s revenue growth is accelerating, driven by products like Pay with Venmo and Venmo debit cards. PayPal added 2 million new debit card users and reported strong transaction volume growth.

Analysts noted Venmo’s rising contribution to branded checkout as a key area to watch, as the platform continues to gain traction with debit cards and online checkout. Venmo’s total payment volume increased by 10%, with revenue growing twice as fast. PayPal reported better-than-expected earnings for the quarter but missed on revenue, citing macroeconomic uncertainty.

Venmo’s revenue growth is accelerating, fueled by products like Pay with Venmo and Venmo debit cards. PayPal added 2 million new debit card users and reported strong transaction volume growth. Analysts are optimistic about Venmo’s potential to open up new monetization avenues. PayPal reaffirmed its full-year guidance despite macroeconomic uncertainty.



Read more at CNBC:: Venmo revenue grows as PayPal’s monetization push gains traction